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Question
If first directors are not named in the Article, the subscribers to the______are deemed to be the directors.
If first directors are not named in the Article, the subscribers to the______are deemed to be the directors.
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Solution
The correct option is B memorandum who are individuals
Except for any regulations in the Articles of a company, the subscribers to the Memorandum of Association, or the company's charter or constitution ("Memorandum"), shall be deemed to be the Directors of the company, until such time when Directors are duly appointed in the annual general meeting ("AGM").
Except for any regulations in the Articles of a company, the subscribers to the Memorandum of Association, or the company's charter or constitution ("Memorandum"), shall be deemed to be the Directors of the company, until such time when Directors are duly appointed in the annual general meeting ("AGM").
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